FG Partners Foreign Firm On 250mw

The Federal
Government and a United States firm, General Electric (GE), have signed a new Memorandum of Understanding to inject 250 megawatts into the national grid.
The Minister of Power, Prof Chinedu Nebo, said the step would boost the capacity of the national grid and provide quicker energy that could boost socio-economic development of the country.
Nebo, who spoke  at the MoU signing  ceremony in Abuja Thursday0 noted that because of the fact that Nigerians are hungry for power supply, government was ready to swallow any amount of energy offered to them.
The Minister who also stated that siting of gas-fired plant in Rivers State which is a hub for gas would eliminate the threat of vandalism to its plants.
He called for investment in smaller quantum to enable the country realise its vision of access to power for all and advised the company to cash-in on the provisions of the Africa Power Initiative of President Barrack Obama as well as liaise with General Electric, GE, for the purpose of firming up a buy-in into its recently launched sponsorship  programme for investors in the power sector.
Nebo reiterated his team’s dogged position in actualizing the power sector initiative for Nigerians in the shortest possible time.
He assured the company and other interested investors of necessary support needed in the realisation of their goals for the sector.